David Koch is a famous American philanthropist and political activist, businessman and chemical engineer also. He was the co-owner of his family business, Koch industries which are ranked among the second largest company in the US held privately in the year 1970. He is also ranked as the 12th richest person in the world in the year 2018. He is known as a low-key but generous philanthropist in America. In the year 1991, he was the survivor of the US Air Flight crash, and if you want to know about life details and net worth of David Koch in 2020, then you can read this article ahead.
Early Life & Biography
He was born on 3rd May in the year 1940 in Wichita in Kansas. He is the son of Fred Chase Koch and Mary Clementine. His father was also a chemical engineer, and his grandfather was a Dutch immigrant who was the founder of Tribune Chief Newspaper. He used to go to Deerfield Academy and then attended the Massachusetts Institute of Technology and got bachelor’s and master’s degree in chemical engineering. He also used to play basketball during his college time.
He got married to Julia Fresher in the year 1996, and both of them have three children. In the year 1992, he was diagnosed with prostate cancer and then he had to go through radiation and hormone therapy, but cancer returned again. Later on, he got treated for it, and now he is funding for medical research because of his experience with cancer.
Career, Awards & Nominations
In the year 1970, he joined the Koch industries with his brother Charles who is his elder brother. In the year 1979, he founded the New York Company and then he named his Chemical Technology group on his own. He also holds a total of four US patents. In the year 2018, the company announced retirement from the company because of the health issues.
He entered into the political career and then became the candidate in a presidential election in the year 1980. He entered in medical research after working as a leader and then he made a lot of contributions to the chemical research. He also donated a huge amount of money to the New York theatre. He was able to gain both recognition and huge criticism, and he is a person who would be remembered by people for ages because of his philanthropic works.
Net Worth & Earnings
The net worth of David Koch is around $55 Billion which he has earned with his business skills, chemical engineering, and political activism. He is the executive vice president of the famous Koch industries and was also the co-owner of it with his brother Charles. This company was the second largest private company with high revenue in the US in the year 2010.
David Koch is a celebrity who has worked in politics, engineering field and as a businessman also. He has been able to become one of the richest people because of his engineering field and his family business.